June 2, 2023
AISATS’s cargo hub at Noida Airport
Air India SATS Airport Services and Yamuna International Airport have signed a concession agreement to build a Multi-Modal Cargo Hub (MMCH) at Noida International Airport.
Yamuna International Airport (YIAPL) is a special purpose vehicle formed by Noida Airport concessionaire Zurich Airport International AG.
The MMCH, spanning 87 acres, will comprise an Integrated Cargo Terminal (ICT) and an Integrated Warehousing & Logistics Zone (IWLZ).
The MMCH at Noida International Airport will start operations in 2024.
AISATS has been entrusted with the responsibility of designing, building, financing and operating the MMCH.
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Nipun Aggarwal, chairman of AISATS: “Air India sees tremendous growth opportunities in Uttar Pradesh and is keen to provide seamless cargo connectivity within the state to power this growth.”
Sanjay Gupta, CEO of AISATS, said, “Our goal is to enhance the state's supply chain efficiency and make Noida a strategic cargo gateway to North India and beyond."
Bob Chi, CEO of SATS Gateway Services, said, “India is one of the world’s fastest-growing economies with huge opportunities for growth in the air cargo logistics space.”
It will also provide a cloud-based Cargo Management System (CMS) for end-to-end cargo tracking, reporting and network connectivity and a Single Window Cargo Community System.
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